CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE MKT: CVU) today announced
that CPI Aero and selling stockholders intend to offer shares of common
stock in an underwritten public offering. CPI Aero also expects to grant
to the underwriters a 30-day option to purchase additional shares of
common stock to cover overallotments, if any. CPI Aero intends to use
the net proceeds from this offering to fund working capital, other
general corporate purposes and to pay down a portion of its revolving
credit facility.

Roth Capital Partners is acting as the sole book-running manager of the
offering. EarlyBirdCapital, Inc. and Noble Financial Capital Markets are
acting as co-managers.

The offering is being made pursuant to an effective shelf registration
statement (File No. 333-181056) declared effective by the Securities and
Exchange Commission on May 11, 2012. A prospectus supplement relating to
the offering will be filed with the Securities and Exchange Commission.
When available, copies of the prospectus supplement and accompanying
base prospectus relating to the offering may be obtained from the
Securities and Exchange Commission at http://www.sec.gov,
or from Roth Capital Partners at 888 San Clemente Drive, Newport Beach,
CA 92660, by calling (800) 678-9147 or by email: rothecm@roth.com.

This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, the shares of common stock. Neither CPI
Aero nor the selling stockholders will sell any of the shares of common
stock and has been advised by the underwriters that neither they nor
their affiliates will sell any of the shares of common stock in any
state or other jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.

About CPI Aero

CPI Aero is engaged in the contract production of structural aircraft
parts for leading prime defense contractors, the U.S. Air Force, and
other branches of the armed forces. CPI Aero also acts as a
subcontractor to prime aircraft manufacturers in the production of
commercial aircraft parts. In conjunction with its assembly operations,
CPI Aero provides engineering, technical and program management services.

Safe Harbor Statement

This press release contains forward-looking information. Readers are
cautioned not to place undue reliance on any such forward-looking
statements, each of which speaks only as of the date made. Such
statements are subject to certain risks and uncertainties which are
disclosed in CPI Aero’s SEC reports, including the Form 10-K for the
year ended December 31, 2011, and the Form 10-Q for the quarter ended
March 31, 2012. These risks and uncertainties could cause actual results
to differ materially from those currently anticipated or projected.

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